The market sentiment was cheerful over initial corporate earnings and prospects of near-normal rains for the monsoon season.
The BSE Sensex was trading 35.69 points or 0.09 per cent higher at 38,736.22. The gauge had ended 161.70 points lower at 38,700.53 in the previous session.
Equity benchmark indices closed in the negative zone on Monday as heavyweight scrips like Reliance Industries, State Bank of India and ITC came under selling pressure.
All sectoral indices except FMCG were in the green with realty gaining almost 2 per cent. On Thursday, Fitch retained India's sovereign rating at BBB- with a stable outlook.
The BSE Sensex closed at a record high of 39,057 on Tuesday as equities indices extended gains for the fourth consecutive day amid a volatile trading session.
Equity benchmark indices tumbled sharply in the opening hours on Monday following weakness in global markets.The downturn was led by heavyweights like Reliance, ICICI Bank and HDFC Bank.
Equity benchmark indices edged lower on Friday as traders booked profits from recent gains. The BSE S&P Sensex closed 222 points lower at 38,165 while the NSE Nifty 50 was slipped 64 points at 11,457.
Market experts said the selling was triggered by US concerns that China is pushing back against US demands in trade talks. However, officials remained locked in negotiations to thrash out a solution over tariffs.
The most active stocks were heavyweights like Reliance Industries, IndusInd Bank, Kotak Mahindra Bank and Yes Bank.
Equity benchmark indices opened on a flat note on Wednesday after two days of rallying. At 11:15 am, the BSE S&P Sensex was up 69 points to 36,605 while the NSE Nifty 50 was up 6 points at 11,307.